Search results

Geez what a crazy instrument it is. Down, down, down, and NO pullbacks (not one 1-minute bar low broken from the low until 70 ticks higher).....

Two channel-based trades near the open, the first a loser and not a very good short on a pullback after a break through the midline (allowed to run too far against me, should have taken a smaller loss and looked to re-enter), the second a very nice long at the pit open, break of resistance...

Thanks NoDoji and Blubaru for posting, good stuff as usual!

Looks like we found this one, let's see if the upper line is now a target. If so, it would correspond very well with a direct hit on 100.00.

It sounds as if you're implying that when the dollar moves a certain amount, CL moves a certain amount, and that the relationship is always the same, or at least similar. (actually, we should be using the term "inversely correlated"). However, that is not the case. Hence, I use the term...

Thanks ammo. I honestly see no useful correlation for me, and think that it would only hurt my trading to have to focus on other markets which may be strongly correlated one day, and loosely correlated the next day. If that helps your trading which it obvious does, then more power to you, I...

Even as I took this order, it did not feel right. There was too much selling volume, yet I held--an example of me being stubborn and wanting to be right instead of going with what I see. My gut said "hit the reverse button" but my ego said "hey buddy, you might just feel super smart if this...

I just looked at the DX and euro charts ... the euro looks somewhat correlated, but not enough for me to be able to make trading decisions off of-- can you give me an example of how you would use it? I've heard some people say that because the dollar is up against a resistance then oil will...

Out

Cancel that order-- I am long .56 stop .44 target .88

I will long .76 if seen for 99.20

No I do not watch any other markets, though I do have an ES workspace open which I will flip to every now and again when I remember. Why do you ask? Of course the markets are correlated but not reliably so enough for me to take my focus off of CL, and focusing intently on CL is hard enough for me.

Thanks blu, that makes me feel better--I mean, it didn't build up enough IMO, so I was looking long, it just makes it all the more frustrating that I could have held my long for at least a few more minutes... instead I get out at -1. I knew there would be buyers at .17 because of the nice 60m...

Got .70, close enough for now.

I'm short .92 looking for .65

The current move up is one of the #1 sources of frustration for me as a trader. I feel like when I see a good opportunity and enter on a break, my entry is ALWAYS tested. Always. Then, when looking for a pullback or a counter trend entry on something like this, we have ZERO pullbacks greater...

A channel trade on CL just now. Shorted .40, profit .22. Short based on bear flag (blue channel), nice volume confirmation. Target based on prior support and red trend line. Showing this because of the channel--it's a bear flag, and it failed to reach the top... indicated weakness...

Got the .22

I'm short .40, looking for .35 to break for move to .22

I think the bias is still clearly up though. I think we need to find this line at some point. Even though the July range is narrowing, I would expect buyers to search for even this line.